19.10.2015
EURUSD
The pair consolidates expecting this week’s ECB meeting results. If Mario Draghi will imply the further stimulus program expansion, strong local pressure on the pair can be expected.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI index is under 50% level and moving horizontally. Stoch is also under 50% level.
Trading recommendations: The pair will most likely consolidate in a narrow range, but depending on Draghi’s speech, it can fall to 1.1265 level after 1.1345 is passed.
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